NEWS RELEASE

Teijin Revises Internal Carbon Pricing System
Tokyo, Japan, April 3, 2023 --- Teijin Limited announced today that it has revised itsinternal carbon pricing (ICP) system to support capital-investment decisions across thegroup, effective from April. The ICP mechanism creates economic incentives to reduce
CO2 emissions by quantifying such emissions as a cost that the company must consider
when making investments, ultimately to help address the problem of climate change. InJanuary 2021, Teijin began implementing an ICP system for all capital investments thatwere expected to affect inhouse CO2 emissions.
Teijin’s new ICP system
Category

Current system

New system- Capital investments- (NEW) M&A projects- (NEW) Long-term sourcing ofrenewable energy, etc.

Inhouse CO2 emissions(Scopes 1 and 2)

Capital investments

CO2 emissions insupply chain(Scope 3 Category1)

N/A(NEW) Capital investments

EUR 50/ton-CO2(REVISED) EUR 100/ton-CO2Pricing(worldwide)

Under the revision, Teijin has raised its internal carbon price from EUR 50/ton to EUR
100/ton, which better reflects the increased risks of carbon taxes being introduced andrising tax rates as well as higher emissions-trading prices in various countries,
especially in Europe.
Teijin will expand the application of its pricing system for inhouse CO2 emissions toinclude investments such as M&A, as well as decisions related to reducing emissions
that do not necessarily involve capital investment, such as switching to renewableenergy. In addition, with regard to indirect emissions from partners in the company's
upstream value chain (Scope 3 Category 1), the revised ICP will be applied to capital
investments for switching to recycled or biomass-derived raw materials purchased fromother companies, thereby encouraging to reduce CO2 emissions throughout the supplychain.
With the revised ICP system, Teijin expects to be able to respond to the increasing risksof CO2 emissions as well as continue to further initiatives aimed at achieving thecompany's long-term goal of net-zero internal emissions by fiscal 2050.

About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,
corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions”, Teijin aims to be a company that
supports the society of the future. The group comprises some 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 926.1 billion (USD 7.2 billion) and total assets of JPY 1,207.6 billion (USD
9.4 billion) in the fiscal year that ended on March 31, 2022.
Press Contact
Investor and Public Relations Department
Teijin Limited
pr@teijin.co.jp